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Modeling and Analytics - Modeler
Ally
Detroit, MI, United States
Job Details - this job has expired, please see similar jobs below
Ally Requisition #
17-6471
Job Description
Position Description
The Modeling and Analytics Modeler will participate in the scorecard development projects in the acquisitions and collections areas from Ally's consumer and commercial portfolios. Ally is looking for a hands-on individual to ensure successful completion of all phases of scorecard development from data extraction to model documentation and post implementation activities like strategy development, model implementation and validation support. The models and scorecards will be used to risk rank customers in the Ally Acquisitions and Servicing activities, to enable improved decision-making for these operations, and will also be used to derive loss estimates in stress tests.
Job Responsibilities
• Participate in collections, acquisitions and commercial credit scorecard projects as needed
• Prepare data for modeling, validation or ad-hoc analysis from internal data sources
• Analyze internal and external data for segmentation and validation
• Develop and validate scorecards for modeling probability of default and expected loss
• Complete model documentation post development according to regulatory and compliance rules
• Support model implementation and monitor production activities post development
• Determine, develop and document data requirements, modeling assumptions and model results for best practice methodologies deployed and alternatives approaches considered
• Work with lines of business to ensure models are business-driven and empirically derived
• Communicate with and respond to internal model validation team for risk model approval
• Support risk and servicing operation teams to successfully operationalize newly developed models
Qualifications
• Advanced degree in economics, statistics, operations research, or other quantitative disciplines.
• 5+ years of experience in building credit risk models in banking or financial service industry
• Knowledge of financial service products and risk characteristics to support quantitative analysis of credit risk
• Extensive experience with large database system and information warehouse, including experience in query writing and data manipulation using SAS, SQL, etc.
• Experience with Model Builder or Xeno
• Strong credit risk model and scorecard building experience
• Ability to meet deadlines for multiple projects
• Good communication skills
• Ability to work in a fast-paced team environment
• FICO Model Builder or Xeno experience preferred
Ally Overview
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.
Business Unit/Enterprise Function
Modeling and Analytics is a sub-unit of Risk Management. This area is responsible for the development of all models used in underwriting and collections
Total Rewards Information
Ally's compensation program offers market-competitive base pay and bonus pay potential based on achieving personal and company goals. Plus, we have a flexible paid time-off program with an emphasis on work-life balance.
Ally offers a variety of benefits to protect your health and well-being, provide financial security and balance your work-life needs including:
• Industry-leading 401K Retirement Savings Plan including Matching and Company Contributions
• Comprehensive wellness program with financial incentives designed to help you achieve your best health
• Flexible health insurance options including dental and vision
• Pre-tax Health Savings Account with generous employer contributions
• Pre-tax dependent care and commuter benefits
• Other work-life integration benefits including Paid Parental & Caregiver Leave, Adoption Assistance, Back-up Child & Adult/Elder Care, Child Care Discounts, Tuition Reimbursement, LifeMatters Employee Assistance Program, Weight Watchers and other employee discount programs
Ally is an Equal Opportunity Employer
We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law.
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